£589,198
This estimated value is based upon the latest sale price for the house of £433,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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534 Chigwell Road, Woodford Green, IG8 8PA
Phone: 02036414329
| Price Paid | Date |
|---|---|
| £433,000 | 31 Mar 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in March 2016 the House Price Index for GREATER LONDON was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £433,000 results in an estimated price of approximately £589,198.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £433,000 | £156,198 | £589,198 |
The Postcode Pricing Model uses changes in average sales price within the IG8 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 47.636 % | £206,264 | £639,264 |
| 3 Month Average | 36.339 % | £157,347 | £590,347 |
| 6 Month Average | 29.774 % | £128,919 | £561,919 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £522,000 | £522,000 | 9 MEADGATE AVENUE |
| 3 Mar 2023 | £508,492 | £500,000 | 75 WALTHAM ROAD |
| 27 Jan 2023 | £421,125 | £420,000 | 23 LATCHINGDON GARDENS |
| 23 Sep 2022 | £484,676 | £485,000 | 83 WALTHAM ROAD |
| 25 Apr 2022 | £534,272 | £515,000 | 22 MORETON GARDENS |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 29 Feb 2016. Using an estimated price of £589,199 means this house is valued at £7,185 per sq meter (£667 per sq foot).
The average size of a house on WALTHAM ROAD is 81 sq meters (879 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Meadgate Avenue |
| Nov 2024 | Anti-social behaviour | On or near Meadgate Avenue | |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Meadgate Avenue |
| Oct 2024 | Anti-social behaviour | On or near Meadgate Avenue | |
| Oct 2024 | Anti-social behaviour | On or near Meadgate Avenue |